New York Stock Exchange.
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Here’s what CNBC producers were watching as stocks stalled out in their rally on Tuesday, and what to watch in the coming session.
Elliott Management
On Wednesday, CNBC’s Leslie Picker will take a closer look at some of the recent activist campaigns by Elliott Management. The firm has made some big investments over the past few months, making it perhaps the most active activist firm in the industry. On May 28, Elliott Texas InstrumentsSince then, the stock has risen 1.7%. On June 10, Elliott Management Southwest Airlines And investors have been pushing for a course correction. The stock has fallen 4.4% since then. On July 19, it was learned that Elliott Management was adding to its stake in the company. StarbucksSince then, the company’s shares have risen 16%. However, the coffee company hired Brian Niccol as its new CEO, which likely accounts for most of the increase. On August 13, when the company announced that Niccol would be leading the company, the company’s shares rose nearly 25%. The dates above indicate when we learned about the investment. Elliott’s position may have risen or fallen further since it began buying public stocks.
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Starbucks’ performance so far this year
S&P 500 winning streak
Achieve a record high
Netflix It hit an all-time high on Tuesday. The stock went public in May 2002. Netflix is up 73% in the past year and about 8% in the past week.Walmart The stock price also hit an all-time high. The stock went public in August 1972, 52 years ago, and was up 9.4% last week.Eli Lilly It hit an all-time high on Tuesday. The stock went public in 1952. Lilly is up 63% so far in 2024, including an 18% gain in August. Thanks to Chris Hayes of the CNBC data team for driving all these numbers.
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Eli Lilly in 2024
target
The retail giant reported earnings on Wednesday morning. Its shares have fallen about 8% over the past three months.target It’s up 20.6% from its April high.
Macy’s
The shopping giant will report its quarterly results before trading opens on Wednesday.Macy’s It’s down 7% over the past three months, and the stock is down 20% from its March high.
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Macy’s performance over the past year
Tx
The retailer reports earnings before the open of trading on Wednesday morning. Shares have risen 16% in the past three months.Tx That’s down slightly from the highs recorded on July 12th.
Snowflake
The data cloud company reports earnings after the close of trading on Wednesday. Shares are up 44.5% from their 52-week high in February.Snowflake It’s up about 4% in a week.
